9 May 2024

Thai Economy

The KR-ECI fell to its lowest level in eight months in April 2024 as households were more concerned about rising product prices and increased expenses during the Songkran festival

คะแนนเฉลี่ย

คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star

The KR-ECI declined for the first time in eight months to 36.6 in April 2024 as households were increasingly worried about rising product prices due to the increases in energy and agricultural prices. The 3-month Expected KR-ECI also fell for the second consecutive month to 38.6 because households were concerned about debt and product prices in the future.
Additionally, households were worried about higher expenses and debt during a long holiday for the Songkran festival in April 2024. A survey shows that the majority of households (79.9 percent) incurred increased expenses from the previous month due to the rising product prices and special expenses in April 2024, including those for travel and entertainment.
In 2024, KResearch views that the KR-ECI may recover at a slower rate amid the sluggish growth seen in the Thai economy. Moreover, it will likely be pressured by potential increases in product prices.

Thai Economy

Related Analysis

View all

12 Mar 2018

Thai Economy

Households are Cautious about Spending in 1Q18

According to a survey on household economic conditions for February, views of Thai households across the country toward economic conditions and the cost of living over the next three months remained unchanged. This is reflected in the 3-month Expected KR-ECI that was static at 47.1 in February. Households still had positive views toward income and employment, given the daily minimum wage rise slated for April 2018, while prices of some key agricultural produce, namely “Hom Mali” rice and cassava, have begun to increase. However, households were concerned about growing debt.... Read more

0 KB

19 Feb 2018

Thai Economy

Thai economy continues to grow in 2018 Growth of 4.0% is expected (Business Brief No.3727)

The Thai economy in 4Q17 was buoyed by high growth in exports and tourism, while household consumption started to improve compared to... Read more

0 KB

9 Feb 2018

Thai Economy

Official launch of EEC: Key to Thailand’s Economic Development (Current Issue No. 2899 Full Ed.)

The National Legislative Assembly (NLA) has approved the Eastern Economic Corridor (EEC) bill which is expected to boost investor confidence in large-scale, long-term investments by providing private investors additional incentives, namely non-tax privileges and a speedier process for licensing, in addition to the government's efforts to promote EEC investment through infrastructure projects and tax incentives. ... Read more

0 KB

22 Jan 2018

Thai Economy

Thai Household Debt May Fall to 77-78% of GDP in 2018 (Current Issue No. 2896)

In 3Q17, Thailand's household debt fell from 78.4 percent of GDP – as recorded in 2Q17 – to 78.3 percent of GDP, which could be the res... Read more

0 KB

18 Jan 2018

Thai Economy

Economy Likely Unfazed by THB5-22 Daily Minimum Wage Hikes Nationwide (Business Brief No.3722 Full Ed.)

The National Wage Committee recently agreed to raise the daily minimum wage to THB315.97, on average, or a range of THB308-330 across the... Read more

0 KB

12 Jan 2018

Thai Economy

Household sentiment toward economy continues to improve for 3 straight months, sending positive signal for private consumption in 1Q18

0 KB

View all

Research Category

Guides

Research Category

Guides

Research Category

Guides

Research Category

The KR-ECI fell to its lowest level in eight months in April 2024 as households were more concerned about rising product prices and increased expenses during the Songkran festival

Research Category

Guides

Research Category

Guides

Research Category

Guides

Research Category

Guides

The KR-ECI fell to its lowest level in eight months in April 2024 as households were more concerned about rising product prices and increased expenses during the Songkran festival

Related Analysis

Households are Cautious about Spending in 1Q18

Thai economy continues to grow in 2018 Growth of 4.0% is expected (Business Brief No.3727)

Official launch of EEC: Key to Thailand’s Economic Development (Current Issue No. 2899 Full Ed.)

Thai Household Debt May Fall to 77-78% of GDP in 2018 (Current Issue No. 2896)

Economy Likely Unfazed by THB5-22 Daily Minimum Wage Hikes Nationwide (Business Brief No.3722 Full Ed.)

Household sentiment toward economy continues to improve for 3 straight months, sending positive signal for private consumption in 1Q18

แชร์